The Estée Lauder Companies (NYSE:EL) Updates Q1 2022 Earnings Guidance

The Estée Lauder Companies (NYSE:EL) updated its first quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $1.550-$1.650 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.830. The company issued revenue guidance of $4.17 billion-$4.24 billion, compared to the consensus revenue estimate of $4.21 billion.The Estée Lauder Companies also updated its FY 2022 guidance to $7.230-$7.380 EPS.

Several research firms have weighed in on EL. Societe Generale began coverage on shares of The Estée Lauder Companies in a research report on Wednesday, July 14th. They issued a hold rating and a $335.00 price objective for the company. Jefferies Financial Group restated a buy rating and issued a $384.00 price objective on shares of The Estée Lauder Companies in a research report on Friday, August 20th. Telsey Advisory Group raised their price objective on shares of The Estée Lauder Companies from $355.00 to $377.00 and gave the company an outperform rating in a research report on Friday, August 20th. Berenberg Bank restated a buy rating on shares of The Estée Lauder Companies in a research report on Friday, September 10th. Finally, Raymond James raised their price objective on shares of The Estée Lauder Companies from $355.00 to $375.00 and gave the company a strong-buy rating in a research report on Friday, August 20th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $338.35.

Shares of NYSE EL traded down $3.12 during midday trading on Thursday, reaching $323.13. The company’s stock had a trading volume of 1,019,875 shares, compared to its average volume of 1,215,308. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.91. The Estée Lauder Companies has a fifty-two week low of $204.23 and a fifty-two week high of $347.82. The stock has a market capitalization of $116.74 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 3.94 and a beta of 0.94. The stock has a 50 day simple moving average of $330.31 and a 200-day simple moving average of $310.71.

The Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Wednesday, August 18th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.28. The Estée Lauder Companies had a net margin of 17.70% and a return on equity of 44.03%. The company had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period last year, the company earned ($0.53) earnings per share. The firm’s revenue was up 62.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Estée Lauder Companies will post 7.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st were issued a $0.53 dividend. The ex-dividend date was Monday, August 30th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.66%. The Estée Lauder Companies’s dividend payout ratio (DPR) is presently 32.87%.

In other The Estée Lauder Companies news, CFO Tracey Thomas Travis sold 26,792 shares of The Estée Lauder Companies stock in a transaction on Friday, June 25th. The shares were sold at an average price of $310.01, for a total transaction of $8,305,787.92. Following the completion of the transaction, the chief financial officer now directly owns 58,131 shares of the company’s stock, valued at $18,021,191.31. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Zinterhofer Aerin Lauder Trust sold 184,293 shares of The Estée Lauder Companies stock in a transaction on Wednesday, August 25th. The stock was sold at an average price of $335.95, for a total transaction of $61,913,233.35. The disclosure for this sale can be found here. Insiders sold 360,567 shares of company stock worth $118,735,672 over the last quarter. 13.95% of the stock is owned by corporate insiders.

A hedge fund recently raised its stake in The Estée Lauder Companies stock. Morgan Stanley grew its holdings in The Estée Lauder Companies Inc. (NYSE:EL) by 100.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,778,605 shares of the company’s stock after acquiring an additional 1,895,658 shares during the quarter. Morgan Stanley owned 1.04% of The Estée Lauder Companies worth $1,201,900,000 as of its most recent SEC filing. 56.00% of the stock is owned by institutional investors and hedge funds.

About The Estée Lauder Companies

The Estée Lauder Companies, Inc engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas.

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Earnings History and Estimates for The Estée Lauder Companies (NYSE:EL)

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